- XRP gained attention after a whale transferred over 25 million tokens to Coinbase, raising questions about the motive behind the move.
- Despite the large transfer, XRP’s price held steady, signaling possible bullish accumulation ahead of a potential ETF launch.
A massive XRP transaction has stirred the waters of the crypto market, leaving investors wondering if the tide is about to turn. On June 30, WhaleAlert reported that a staggering 25,498,179 XRP was transferred to Coinbase. While large transfers usually signal bearish intent, this particular move has fueled speculation of a potential bullish twist.
Ripple’s Legal Retreat Ignites XRP Interest
Ripple’s decision to withdraw its cross-appeal in its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) has reignited community interest. The timing of this whale movement has led many to connect the dots, with some seeing it as a calculated move ahead of possible regulatory clarity and the anticipated launch of a spot XRP ETF.
Whale Activity Points to Accumulation, Not Panic
Historically, large XRP transactions—especially those involving exchanges—often trigger panic over price drops. But this time, the market reacted differently. Despite the enormous transfer, XRP’s price held steady, even showing mild signs of strength. This anomaly hints that the transfer may not have been a simple dump, but perhaps a strategic play by a major holder.
What’s more telling is the renewed accumulation trend by large holders. After a year of bearish outflows that bottomed out around August 2024, whale inflows steadily climbed through the year’s end. That shift mirrored previous accumulation phases that preceded strong price rallies.
A Signal for the Next Bullish Wave?
Whale behavior has long served as a leading indicator of XRP’s major market shifts. The pattern is clear: when whales re-enter, prices often follow upward. With fresh whale inflows and increased speculation around regulatory developments and ETF approval, investors are watching XRP closely.
As of now, XRP is trading around $2.21 with no significant price dip post-transfer. This resilience has sparked optimism that the recent whale move is a sign of strategic positioning rather than market exit.
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